================================================================================

                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                   FORM 10-QSB

(Mark One)

   |X|    Quarterly  Report  Pursuant  to Section 13 or 15(d) of the  Securities
          Exchange Act of 1934
          For the period ended March 31, 2006

   |_|    Transition  Report  Pursuant to Section 13 or 15(d) of the  Securities
          Exchange Act of 1934
          For the transition period from ___________ to ___________

                        Commission File Number 001-12321

                                Tuxis Corporation
                 (Name of small business issuer in its charter)

          Maryland                                       13-3196171
  (State of incorporation)                  (I.R.S. Employer Identification No.)

11 Hanover Square, New York, New York                      10005
(Address of principal executive offices)                 (Zip Code)

       Registrant's telephone number, including area code: 1-212-785-9300

           Securities registered pursuant to Section 12(b) of the Act:

<TABLE>
<CAPTION>
                         <S>                                                  <C>
                 Title of each class                         Name of each exchange on which registered
                     Common Stock                                      American Stock Exchange
       Rights to Purchase Series A Participating                       American Stock Exchange
</TABLE>
        Securities registered pursuant to Section 12(g) of the Act: None

Check whether the issuer (1) filed all reports required to be filed by Section
13 or 15(d) of the Exchange Act during the past 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days. Yes No .

The number of shares outstanding of the issuer's classes of common equity, as of
May 1, 2006: Common Stock, par value $.01 per share - 983,776 shares.
================================================================================

                                       1
<PAGE>

INDEX

PART I. FINANCIAL INFORMATION


Item 1. Financial Statements
<TABLE>
<CAPTION>

<S>                                                                                                   <C>
                                                                                                           PAGE
                                                                                                  --------------
                                                                                                              3
Condensed Consolidated Balance Sheet at March 31, 2006 (unaudited)

Condensed Consolidated Statements of Income for the Three Months Ended March 31,
2006 and 2005 (unaudited)                                                                                     4

Condensed  Consolidated  Statements  of Cash Flows for the Three Months Ended March 31, 2006 and
2005 (unaudited)                                                                                              5

Notes to Condensed Consolidated Financial Statements (unaudited)                                              6

Item 2. Management's Discussion and Analysis or Plan of Operation                                            13

Item 3. Controls and Procedures                                                                              19

PART II. OTHER INFORMATION
Item 1.  Legal Proceedings                                                                                   19
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds                                          19
Item 3. Defaults Upon Senior Securities                                                                      19
Item 4. Submission of Matters to a Vote of Security Holders                                                  19
Item 5. Other Information                                                                                    19
Item 6. Exhibits                                                                                             19

CERTIFICATION SIGNATURES                                                                                     21
</TABLE>
<PAGE>


                                TUXIS CORPORATION
                      CONDENSED CONSOLIDATED BALANCE SHEET
                                 March 31, 2006
                                   (Unaudited)
--------------------------------------------------------------------------------

<TABLE>
<CAPTION>
<S>                                                                                                 <C>
ASSETS

Current assets:
    Cash and cash equivalents                                                                   $ 5,136,302
    Accounts receivable and prepaid expenses                                                         13,968
                                                                                                     ------
      Total current assets                                                                        5,150,270
                                                                                                  ---------
Property held for use:
    Under development                                                                             3,144,178
    Leased, net                                                                                     337,310
Other assets                                                                                         11,329
                                                                                                     ------
                                                                                                  3,492,817
                                                                                                  ---------
      Total assets                                                                              $ 8,643,087
                                                                                                ===========
LIABILITIES AND SHAREHOLDERS' EQUITY

Current liabilities:
    Accounts payable and accrued expenses                                                         $ 268,811
                                                                                                  ---------
      Total current liabilities                                                                     268,811
                                                                                                    -------
Commitments and contingencies (Note 10)                                                                   -

Shareholders' equity
    Common stock, $0.01 par value, 999,900,000 shares authorized;
      983,776 shares issued and outstanding                                                           9,838
    Series A participating preferred stock, $0.01 par value, 100,000
      shares authorized, -0- shares issued and outstanding                                                -
    Additional paid-in capital                                                                    9,954,515
    Deficit                                                                                      (1,590,077)
                                                                                                 ----------
      Total shareholders' equity                                                                  8,374,276
                                                                                                  ---------
      Total liabilities and shareholders' equity                                                $ 8,643,087
                                                                                                ===========
</TABLE>
See notes to the condensed consolidated financial statements.

                                       3
<PAGE>

                                TUXIS CORPORATION
                   CONDENSED CONSOLIDATED STATEMENTS OF INCOME

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>

                                                                                        Three Months Ended
                                                                                             March 31,
                                                                                    2006                 2005
                                                                                    ----                 ----
                                                                                 (Unaudited)          (Unaudited)
<S>                                                                                  <C>                 <C>
Revenue
    Rental income                                                                 $ 10,800              $     -
                                                                                  --------              -------

                                                                                    10,800                    -
                                                                                    ------

Expenses
    Employee compensation and benefits                                             141,166               94,219
    General and administrative                                                      53,864               26,016
    Professional                                                                    35,800               32,507
                                                                                    ------               ------
                                                                                   230,830              152,742
                                                                                   -------              -------
Operating loss                                                                    (220,030)            (152,742)

Non-operating revenue (expense)
    Dividends                                                                       49,670               37,653
    Unrealized depreciation on holdings                                                  -              (12,707)
                                                                                   -------              -------

Loss before income taxes                                                          (170,360)            (127,796)

Income tax                                                                          10,536                  600
                                                                                    ------                  ---

Net loss                                                                        $ (180,896)          $ (128,395)
                                                                                ==========           ==========

Basic and diluted per share net loss:

Net loss                                                                           $ (0.18)             $ (0.13)

Basic and diluted weighted average common shares outstanding                       983,776              983,776
</TABLE>

See notes to the condensed consolidated financial statements.

                                       4
<PAGE>

                                TUXIS CORPORATION
                 CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

--------------------------------------------------------------------------------
<TABLE>
<CAPTION>
                                                                                                     Three Months Ended
                                                                                                          March 31,
                                                                                                2006                    2005
                                                                                                ----                    ----
                                                                                            (Unaudited)              (Unaudited)
<S>                                                                                              <C>                     <C>
Cash flows from operating activities

    Net loss                                                                                $ (180,896)             $ (128,395)

    Adjustments to reconcile net income to net cash
      provided by (used in) operating activities
        Depreciation                                                                             8,020                   1,824
        Unrealized depreciation on holdings                                                          -                  12,707
    (Increase) decrease in accounts receivable and prepaid expense                              (1,131)                  1,865
    Increase (decrease) in accounts payable and accrued expenses                                84,098                 (16,971)
                                                                                                ------                 -------
      Net cash used in operating activities                                                    (89,909)               (128,970)
                                                                                               -------                 -------

Cash flows from investing activities

Purchase of real estate                                                                              -              (1,759,201)
Development of real estate                                                                     (84,626)               (288,922)
Purchase of equipment                                                                                -                  (2,447)
                                                                                                ------                  ------

      Net cash used in investing activities                                                    (84,626)             (2,050,570)
                                                                                               -------               ---------

      Net decrease in cash and cash equivalents                                               (174,535)             (2,179,540)

Cash and cash equivalents
    Beginning of period                                                                      5,310,837               7,824,800
                                                                                             ---------               ---------
    End of period                                                                          $ 5,136,302             $ 5,645,260
                                                                                           ===========              ==========
Supplemental disclosure:
    Income taxes paid                                                                      $    21,806             $       600
</TABLE>

See notes to the condensed consolidated financial statements.

                                       5
<PAGE>


                                TUXIS CORPORATION
              NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
                                 March 31, 2006
                                   (Unaudited)

--------------------------------------------------------------------------------

1. ORGANIZATION AND FORMATION OF THE COMPANY

Tuxis Corporation ("Tuxis" or the "Company") is a real estate development and
services company that acquires and manages properties primarily in Dutchess
County, New York through its wholly owned subsidiaries.

Tuxis was incorporated under the laws of the State of Maryland on December 8,
1983 and commenced operations on March 7, 1984 as Bull & Bear Tax-Free Income
Fund, a diversified series of shares of Bull & Bear Municipal Securities, Inc.,
an open-end management investment company registered under the Investment
Company Act of 1940 (the "1940 Act"). On November 8, 1996, upon stockholder
approval, Tuxis registered under the 1940 Act as a closed-end investment company
as Bull & Bear Municipal Income Fund, Inc. by filing Forms N-8A and N-2. In
1998, stockholders approved proposals to change the Company's investment
objective and certain investment policies, to change the Company's name to Tuxis
Corporation, and to change the classification of Tuxis from a diversified
investment company to a non-diversified investment company.

In October 2001, the Company's stockholders approved proposals to change the
nature of the Company's business so as to cease to be an investment company and
to amend the Company's fundamental investment policies regarding concentration
and investing directly in real estate. Subsequently, the Company's management
ceased all activities relating to investment securities and established
operations in the real estate business.

On October 5, 2005, the SEC issued an order declaring that the Company had
ceased to be an investment company effective immediately. As a result, we are
currently a publicly held company subject to the reporting and other
requirements of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and are no longer subject to regulation under the 1940 Act. The Company's
shares are currently listed on the American Stock Exchange.

2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Principles of Consolidation

The accompanying consolidated financial statements include the accounts of the
Company and its wholly owned subsidiaries:

                   Tuxis Real Estate I LLC ("TRE I")
                   Tuxis Real Estate II LLC ("TRE2")
                   Tuxis Real Estate Brokerage LLC ("TREB")
                   Tuxis Operations LLC ("TOP")
                   Winmark Properties I LLC ("Winmark I")

All significant intercompany accounts and transactions have been eliminated in
consolidation.

Management's Use of Estimates

The preparation of financial statements in conformity with accounting principles
generally accepted in the United States of America requires management to make
estimates and assumptions that affect the reported amounts of assets and
liabilities, disclosure of contingent assets and liabilities at the date of the
financial statements and the reported amounts of revenues and expenses during
the reporting period. Estimates are primarily used in the determination of
long-lived asset impairment and expense allocations. Actual results may differ
from those estimates.

                                       6
<PAGE>


Investment in Real Estate and Commercial Leasing Assets

Real estate held for use is stated at the lower of cost or fair value less costs
to sell, and includes acreage, development, construction and carrying costs, and
other related costs through the development stage. Commercial leasing assets,
which are held for use, are stated at cost. Capitalized costs are assigned to
individual components of a project, as practicable, whereas interest and other
common costs, if any, are allocated based on the relative fair value of
individual land parcels. Certain carrying costs are capitalized on properties
currently under active development.

In accordance with Statement of Financial Accounting Standards No. 144,
"Accounting for the Impairment or Disposal of Long-Lived Assets," when events or
circumstances indicate that an asset's carrying amount may not be recoverable,
an impairment test is performed. Events or circumstances that the Company
considers indicators of impairment include significant decreases in market
values, adverse changes in regulatory requirements (including environmental
laws), and current period or projected operating cash flow losses from rental
properties. Impairment tests for properties to be held and used, including
rental properties, involve the use of estimated future net undiscounted cash
flows expected to be generated from the use of the property and its eventual
disposition. If projected undiscounted cash flow from properties to be held and
used is less than the related carrying amount, then a reduction of the carrying
amount of the long-lived asset to fair value is required. Measurement of the
impairment loss is based on the fair value of the asset. Generally, the Company
determines fair value using valuation techniques such as discounted expected
future cash flows. Impairment tests for properties held for sale, including
undeveloped and developed properties, involve management estimates of fair value
based on estimated market values for similar properties in similar locations and
management estimates of costs to sell. If estimated fair value less costs to
sell is less than the related carrying amount, then a reduction of the
long-lived asset to fair value less costs to sell is required. No impairment
losses are reflected in the accompanying consolidated statement of income.

Cash and Cash Equivalents

Investments in money market funds and short-term investments and other
marketable securities maturing in 90 days or less are considered to be cash
equivalents. At March 31, 2006, the Company held approximately $5,000,000 in a
money market fund.

Revenue Recognition

Rental income is derived from an operating lease and is recognized on the
straight-line method of accounting under which rental income based on the
contractual rent increases or rebates is recognized evenly over the lease term.
The difference between recognized rental income and rental cash receipts is
recorded as deferred rent receivable on the consolidated balance sheet. The
lease agreement provides for an annual increase in rent based on a published
statistical index. This additional rent is recognized on an accrual basis.

Properties and equipment

Properties and equipment are stated at cost. Acquisitions and additions are
capitalized while routine maintenance and repairs, which do not improve the
asset or extend its life, are charged to expense when incurred. Depreciation is
being provided by the straight-line method over the estimated useful lives of
the respective assets as follows: 40 years for buildings acquired; lesser of the
life 5 years or the lease term for tenant improvements and furniture, fixtures,
and equipment.

                                       7
<PAGE>

Income Taxes

The Company and its subsidiaries file consolidated income tax returns. The
Company's method of accounting for income taxes conforms to the Financial
Accounting Standards Board ("FASB")'s Statement of Financial Accounting
Standards No. 109, "Accounting for Income Taxes." This method requires the
recognition of deferred tax assets and liabilities for the expected future tax
consequences of temporary differences between the financial reporting basis and
tax basis of assets and liabilities. The Company records a valuation allowance
to reduce the deferred tax asset to an amount that is more likely than not to be
realized.

Reporting Segment

The Company's primary business is the ownership, development, and management of
real estate with a geographic concentration in Dutchess County, New York.
Accordingly, the Company has concluded it currently has a single reportable
segment for Statement of Financial Accounting Standards No. 131, "Disclosure
about Segments of an Enterprise and Related Information" purposes.

Earnings Per Share

Basic earnings per share is computed using the weighted average number of common
shares outstanding during the period. Diluted earnings per share is computed
using the weighted average number of common and common equivalent shares
outstanding during the period. At March 31, 2006, there was no variance between
the basic and diluted loss per share due to there being no potentially dilutive
common shares outstanding. The following table sets forth the computation of
basic and diluted earnings per share for the three months ended March 31, 2006
and 2005:

<TABLE>
<CAPTION>

                                                                                  Three Months Ended
                                                                                       March 31,
                                                                               2006               2005
                                                                               ----               ----
<S>                                                                            <C>                 <C>
Net loss                                                                   $ (180,896)         $ (128,395)

Basic and weighted-average common shares outstanding                          983,776             983,776
                                                                              =======             =======

Basic and diluted net loss per share of common stock
    Net loss                                                                  $ (0.18)            $ (0.13)
</TABLE>

                                       8
<PAGE>


3. CHANGE IN ACCOUNTING PRINCIPLE

Prior to October 5, 2005, the Company operated under the 1940 Act as a
non-diversified closed-end management investment company. As such the Company
recorded its net assets at fair value (market value). The SEC approved the
application for de-registration of the Company as a registered investment
company on October 5, 2005. Therefore, the quarter ended December 31, 2005,
reflected the non-recurring charge relating to the change in accounting method
for the cumulative effect of recording investments in its wholly owned
subsidiaries at fair value to consolidating such subsidiaries.

4. PROPERTY ACQUISITION

On March 10, 2005, the Company acquired through its wholly owned subsidiary
Winmark I, a 215 acre parcel of undeveloped land located in Clinton Corners and
Millbrook, New York for an aggregate price $1,951,700 in cash. The purchase
price was allocated to long-lived assets.

5. PROPERTIES AND EQUIPMENT

<TABLE>
<CAPTION>
At March 31, 2006, properties and equipment consisted of:

<S>                                                                                                <C>
Property held for use - under development
    Land and land improvements                                                         $           2,040,803
    Building and building improvements                                                             1,103,375
                                                                                       ---------------------

                                                                                                   3,144,178
                                                                                       ---------------------

Property held for use - under lease
    Land                                                                                              80,000
    Building and building improvements                                                               174,795
    Equipment and fixtures                                                                           116,862
                                                                                       ---------------------

                                                                                                     371,657
    Less accumulated depreciation                                                                     34,347
                                                                                       ---------------------

                                                                                                     337,310
                                                                                       ---------------------

                                                                                       $           3,481,488
                                                                                       =====================
</TABLE>


At March 31, 2006, our principal real estate holdings are currently in the
Millbrook and Clinton Corners areas of northern Dutchess County, New York. Our
most significant holdings are the 215.42 acre parcel of undeveloped land located
in the Towns of Washington (Millbrook) and Clinton (Clinton Corners) and the
18,598 square foot commercial property in Mabbettsville, New York now known as
"Millbrook Commons" (formerly known as "Washington Lanes"). We also own an
adjacent 1,006 square foot commercial property known as the Mabbettsville Dairy
Cream.

6. FUTURE MINIMUM RENTS

The Company, through its subsidiary TRE2, executed a five year operating lease
for its 1,006 square foot commercial property commencing on April 1, 2005. The
lease terms provide for a non-cash rebate of $9,000 during the first year of the
lease. The lease payments are subject to an annual adjustment compounded
annually based on the cost-of-living adjustment as determined by the U.S.
Department of Labor, Bureau of Statistics, Consumer Price Index, or if no longer
calculated, similar adjustment. A third party has guaranteed the lease payments
for the first two years of the lease of approximately $81,000.

                                       9
<PAGE>
The excess of contractual rental income over rental income recognized on a
straight-line basis of $9,000 is being amortized over the term of the lease.

Future minimum rentals under the non-cancellable operating lease are as follows:

                         Year              Minimum Rent
                ---------------------  --------------------

                         2006                      $ 45,000
                         2007                        45,000
                         2008                        45,000
                         2009                        45,000
                         2010                        11,250
                                       --------------------

                        Total                     $ 191,250
                                       ====================

7. INCOME TAXES

The income tax provision is comprised of the following:

                                                                2005
                                                         --------------------
Current provision:
    Federal                                                   $     -
    State and local                                            10,536
                                                         --------------------

      Total current provision                                  10,536
                                                         --------------------

Deferred provision                                                  -
                                                         --------------------

Total provision for income taxes                              $ 10,536
                                                         ====================

As of March 31, 2006, deferred taxes were comprised of the following:

Deferred tax assets:
    Net operating loss carryforward                          $ 641,092 (1)
    Net capital loss carryforward                               15,100 (1)
                                                        ---------------------

    Total deferred tax assets                                  656,192

Valuation allowance                                           (656,192)
                                                        ---------------------

Deferred tax assets after the valuation allowance            $       -
                                                        =====================


(1)  Represents the effect of the current year operating loss and the
     recognition of the operating and capital loss carryforwards related to the
     Company when it operated as a regulated investment company.

                                       10
<PAGE>

As of December 31, 2005, the net operating loss carryforwards of $1,374,689
expires as follows: $38,741 in 2022, $332,365 in 2023, $442,592 in 2024, and
$560,991 in 2025. The capital loss carryforward of $36,742 expires in 2008.

At March 31, 2006, the difference between the effective provision (benefit) for
income taxes and the amount computed using the U.S. federal income tax rate is
as follows:

Statutory U.S federal rate                                          (34.0)%
State income taxes, net of federal benefit                            4.1
Valuation allowance for deferred tax assets                          36.1
                                                                     ----
Effective tax rate                                                    6.2 %
                                                                      ===



8. DEFINED CONTRIBUTION PLAN

In 2006, the Company began participating in a 401(k) retirement plan for
substantially all of its qualified employees. The plan is sponsored by an
affiliate of the Company, Winmill & Co. Incorporated. Contributions to this plan
are based upon a percentage of salaries of eligible employees and are accrued
and funded on a current basis. Total plan expense for the three months ended
March 31, 2006 was $14,220. The Company did not participate in the 401(k) plan
for the three months ended March 31, 2005.

9. RELATED PARTIES

Certain officers of the Company also serve as officers and/or directors of
Winmill & Co. Incorporated ("Winco"), Bexil Corporation ("Bexil"), and their
affiliates (collectively with Tuxis, the "Affiliates"). At March 31, 2006,
Winco's wholly owned subsidiary, Investor Service Center, Inc., owned 234,666
shares of the Company and 222,644 shares of Bexil, or 23% and 25%, respectively,
of the outstanding common stock. Winco's wholly owned subsidiary, Midas
Management Corporation ("MMC"), acts as "master" payer of compensation and
benefits of Affiliate employees. At March 31, 2006, the Company had a payable to
MMC for compensation and benefit expenses of $139,997.

Rent expense of jointly used office space and overhead expense for various
jointly used administrative and support functions incurred by Winco are
allocated to the Company and the Affiliates. At March 31, 2006, the Company had
a payable to Winco related to these costs of $28,761. The Company incurred
allocated rent and overhead costs of $21,000 and $10,500 for the three months
ended March 31, 2006 and 2005, respectively.

In 2005 MMC, performed certain accounting services for the Company. The Company
incurred accounting services costs performed by MMC of $0 and $4,998 for the
three months ended March 31, 2006 and 2005, respectively.

10. COMMITMENTS AND CONTINGENCIES

At March 31, 2006, there were no contingent obligations or events occurring that
could reasonably be expected to have a material adverse impact on the Company's
financial statements.

11. STOCKHOLDER RIGHTS PLAN

In October 2005, the Board of Directors adopted a stockholder rights plan. To
implement the rights plan, the Board of Directors declared a dividend
distribution of one right for each outstanding share of Tuxis common stock, par
value $.01 per share, to holders of record of the shares of

                                       11
<PAGE>
common stock at the close of business on November 3, 2005. Each right entitles
the registered holder to purchase from Tuxis one one-thousandth of a share of
preferred stock, par value $.01 per share. The rights were distributed as a
non-taxable dividend and will expire on November 3, 2015. The rights are
evidenced by the underlying Tuxis common stock, and no separate preferred stock
purchase rights certificates were distributed. The rights to acquire preferred
stock will become exercisable only if a person or group acquires or commences a
tender offer for 25% or more of Tuxis' common stock. If a person or group
acquires or commences a tender offer for 25% or more of Tuxis' common stock,
each holder of a right, except the acquirer, will be entitled, subject to Tuxis'
right to redeem or exchange the right, to exercise, at an exercise price of
$40.50, the right for one one-thousandth of a share of Tuxis' newly-created
Series A Participating Preferred Stock, or the number of shares of Tuxis common
stock equal to the holder's number of rights multiplied by the exercise price
and divided by 50% of the market price of Tuxis' common stock on the date of the
occurrence of such an event. Tuxis' Board of Directors may terminate the rights
plan at any time or redeem the rights, for $0.01 per right, at any time before a
person acquires 25% or more of Tuxis' common stock.

On October 24, 2005, the Board of Directors authorized the reclassification of
100,000 unissued shares of common stock of the Company (from among 1,000,000,000
shares of common stock, $0.01 par value, of the Company which are authorized)
into 100,000 shares of Series A Participating Preferred Stock, par value $0.01
per share, of the Company.

12. BUSINESS RISK AND UNCERTANTIES

The Company is vulnerable to concentration risks because our current real estate
activities are in one market: Dutchess County, New York. Our properties are
located in northern Dutchess County, New York. The geographic concentration and
limited number of projects expose our operations to local economic downturns and
adverse project-specific risks. Our properties can be significantly affected
thereby also affecting our financial condition and results of operations.

The TRE2 property is leased to a single tenant and accounted for all of the
rental income for the three months ended March 31, 2006. A default by this
tenant would impact the results of the consolidated total. Future minimum rents
from this tenant are $191,250.

                                       12
<PAGE>


Item 2. Management's Discussion and Analysis of Financial Condition and Results
of Operations

         Forward Looking Information

Information or statements provided by or on behalf of the Company from time to
time, including those within this Quarterly Report on Form 10-QSB, may contain
certain "forward-looking information", including information relating to
anticipated growth in revenues or earnings per share, anticipated changes in the
amount and composition of assets under management, anticipated expense levels,
and expectations regarding financial market conditions. The Company cautions
readers that any forward-looking information provided by or on behalf of the
Company is not a guarantee of future performance and that actual results may
differ materially from those in forward-looking information as a result of
various factors, including, but not limited to, those discussed below. Further,
such forward-looking statements speak only as of the date on which such
statements are made, and the Company undertakes no obligation to update any
forward-looking statement to reflect events or circumstances after the date on
which such statement is made or to reflect the occurrence of unanticipated
events.

Certain written and oral statements made or incorporated by reference from time
to time by the Company in this report, other reports, filings with the SEC,
press releases, conferences, or otherwise, contain "forward looking information"
and are "forward looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking statements include,
without limitation, any statement that may predict, forecast, indicate or imply
future results, performance or achievements. Forward-looking statements may be
identified, without limitation, by the use of such words as "anticipates",
"estimates", "expects", "intends", "plans", "predicts", "projects", "believes",
or words or phrases of similar meaning. Forward-looking statements include risks
and uncertainties, which could cause actual results or outcomes to differ
materially from those expressed in the forward-looking statements. In addition
to other factors and matters discussed elsewhere herein, some of the important
facts that could cause actual results to differ materially from those discussed
in the forward-looking statements include those set forth in the section below
entitled "Risk Factors." The listing of risks described in the section below
entitled "Risk Factors" is not exhaustive.

Other sections of this report may include reference to the additional factors,
which could adversely impact the Company's business and financial performance.
Moreover, the Company operates in a very competitive and rapidly changing
environment. New risk factors emerge from time to time, and it is not possible
for management to predict all such risk factors, nor can it assess the impact of
known risk factors on the Company business or the extent to which any factor or
combination of factors may cause actual results to differ materially from those
contained in any forward-looking statement. The Company undertakes no obligation
to revise or publicly release the results of any revisions to forward-looking
statements or to identify any new risk factors, which may arise. Given these
risks and uncertainties, investors should not place undue reliance on
forward-looking statements as a prediction of actual future results.

Investors should also be aware that while the Company does, from time to time,
communicate with securities analysts, it is against the Company's policy to
disclose to them any material, non-public information. Accordingly, investors
should not assume that the Company agrees with any statement or report issued by
any analyst irrespective of the content of the statement or report. Furthermore,
the Company has a policy against issuing or confirming financial forecasts or
projections issued by others. Thus, to the extent that the reports issued by
securities analysts contain any projections, forecasts, or opinions, such
reports are not the responsibility of the Company.

                                       13
<PAGE>


         Overview

Tuxis Corporation, a Maryland corporation ("Tuxis" or the "Company"), is a
holding company operating in the real estate business and related services
through multiple subsidiaries. The Company and its subsidiaries have 10
employees, one of whom is full time.

The Company's multiple subsidiaries correspond to each line of its real estate
business: ownership; management and operations; and sales and leasing.
Accordingly, the businesses of Tuxis Real Estate I LLC ("TRE I"), Tuxis Real
Estate II LLC ("TRE2"), and Winmark Properties I LLC ("Winmark I") consist of
holding title to real estate. Tuxis Operations LLC ("TOP") operates and manages
the properties owned by TRE I, TRE2, and Winmark I. Tuxis Real Estate Brokerage
LLC ("TREB") acts as broker in the purchase, sale and lease of real estate.

Tuxis was incorporated under the laws of the State of Maryland on December 8,
1983 and commenced operations on March 7, 1984 as Bull & Bear Tax-Free Income
Fund, a diversified series of shares of Bull & Bear Municipal Securities, Inc.,
an open-end management investment company registered under the Investment
Company Act of 1940 (the "1940 Act"). On November 8, 1996, upon stockholder
approval, Tuxis registered under the 1940 Act as a closed-end investment company
as Bull & Bear Municipal Income Fund, Inc. by filing Forms N-8A and N-2. In
1998, stockholders approved proposals to change the Company's investment
objective and certain investment policies, to change the Company's name to Tuxis
Corporation, and to change the classification of Tuxis from a diversified
investment company to a non-diversified investment company. In October 2001, the
Company's stockholders approved proposals to change the nature of the Company's
business so as to cease to be an investment company and to amend the Company's
fundamental investment policies regarding concentration and investing directly
in real estate. Subsequently, the Company's management ceased all activities
relating to investment securities and established operations in the real estate
business and related services.

On October 5, 2005, the SEC issued an order declaring that the Company had
ceased to be an investment company effective immediately. As a result, we are
currently a publicly held company subject to the reporting and other
requirements of the Securities Exchange Act of 1934, as amended (the "Exchange
Act"), and are no longer subject to regulation under the 1940 Act. The Company's
shares are currently listed on the American Stock Exchange.

We are engaged in the acquisition, development, management and sale of
commercial and undeveloped land real estate properties located primarily in the
Northeastern United States. We conduct real estate operations on properties we
own through our wholly owned subsidiaries. Our primary goal going forward is to
increase the intrinsic value of the Company over time through operations in real
estate and related services. Currently we are in the process of adding to our
portfolio of real estate properties and related services.

Our principal real estate holdings are currently in the Millbrook and Clinton
Corners areas of northern Dutchess County, New York. Our most significant
holdings are the 215.42 acre parcel of undeveloped land located in the Towns of
Washington (Millbrook) and Clinton (Clinton Corners) and the 18,598 square foot
commercial property in Mabbettsville, New York now known as "Millbrook Commons"
(formerly known as "Washington Lanes"). We also own an adjacent 1,006 square
foot commercial property known as the Mabbettsville Dairy Cream.

Our overall strategy is to enhance the value of our Dutchess County, NY
properties by securing and maintaining development entitlements and developing
and building real estate projects on these properties for rent, sale or
investment, thereby increasing the potential return from our core assets. We
continue to investigate and pursue opportunities for new projects that would
require capital investment by us and offer the possibility of acceptable returns
and limited risk. Our progress towards

                                       14
<PAGE>

accomplishing these goals includes the following: over the past year we have
successfully permitted and initiated development of our Millbrook Commons
project and successfully leased our Mabbettsville Dairy Cream property to a
tenant with long experience in its type of business operations.

The Millbrook Commons project included a one and a half year special permitting
and site plan approval process through the Town of Washington Planning Board
whereby we successfully secured all permitting rights for the project during
December 2005. We are in the process now of initiating building renovations as
we conduct leasing operations of the retail/office/restaurant facility, which is
the largest building of its kind in the 67 square mile area of the Town of
Washington in northern Dutchess County, NY.

During November 2005, we commissioned a Master Site Plan and Evaluation Report
from The Chazen Companies P.C. for our 215.42 acre Winmark Properties I LLC
undeveloped land parcel in the growing areas of Millbrook and Clinton Corners,
NY. This is the first step of the approval and development process for this
property that we estimate may take up to two years to complete. There is no
assurance that the undeveloped acreage will be developed because of the nature
of the approval and development process and market demand for a particular use.
Undeveloped acreage includes raw real estate that can be sold "as is" i.e. no
infrastructure or development work has begun on such property. A developed lot
is an individual tract of land that has been developed and permitted for
residential use. A developed lot may be sold with a home or attached homes
already built on it or not. Developed acreage or acreage under development
includes real estate for which infrastructure work over the entire property has
been completed, is currently being completed or is able to be completed and
necessary permits have been received.


On October 5, 2005, we ceased to be an investment company regulated under the
1940 Act. Before that time we recorded our net assets at fair value (or market
value). After that time, we changed our accounting method and began recording
our assets and liabilities on a historical cost basis. We also began
consolidating our accounts with the accounts of our wholly owned subsidiaries
for financial reporting purposes. As an investment company Regulation S-X, rule
6-03(c)(1) precluded consolidation of any entity, in our case our wholly owned
subsidiaries, other than another investment company. This transition resulted in
a change in accounting principle, as described in Note 3 to the consolidated
financial statements, included below as Item 1 of this Quarterly Report. For all
other assets and liabilities fair value approximated cost at that time and no
additional transition adjustment was required.

         Critical Accounting Policies

Our significant accounting policies are described in Note 2 of the notes to the
consolidated financial statements in Item 1. Not all of these significant
accounting policies require management to make difficult, subjective or complex
judgments or estimates. We believe that our most critical accounting policies
relate to our valuation of long-lived assets, our allocation of costs, and our
fair value accounting policy.

Investment in Real Estate and Commercial Leasing Assets. Real estate held for
use is stated at the lower of cost or fair value less costs to sell, and
includes acreage, development, construction and carrying costs, and other
related costs through the development stage. Commercial leasing assets, which
are held for use, are stated at cost. Capitalized costs are assigned to
individual components of a project, as practicable, whereas interest and other
common costs, if any, are allocated based on the relative fair value of
individual land parcels. Certain carrying costs are capitalized on properties
currently under active development.

                                       15
<PAGE>


In accordance with Statement of Financial Accounting Standards No. 144,
"Accounting for the Impairment or Disposal of Long-Lived Assets," when events or
circumstances indicate that an asset's carrying amount may not be recoverable,
an impairment test is performed. Events or circumstances that we consider
indicators of impairment include significant decreases in market values, adverse
changes in regulatory requirements (including environmental laws) and current
period or projected operating cash flow losses from rental properties.
Impairment tests for properties to be held and used, including rental
properties, involve the use of estimated future net undiscounted cash flows
expected to be generated from the use of the property and its eventual
disposition. If projected undiscounted cash flow from properties to be held and
used is less than the related carrying amount, then a reduction of the carrying
amount of the long-lived asset to fair value is required. Measurement of the
impairment loss is based on the fair value of the asset. Generally, we determine
fair value using valuation techniques such as discounted expected future cash
flows.

Our expected future cash flows are affected by many factors including the
economic condition of the Dutchess County, New York market, the performance of
the real estate industry in the markets where our properties are located, our
financial condition, which may influence our ability to develop real estate, and
governmental regulations.

Because any one of these factors could substantially affect our estimate of
future cash flows, this is a critical accounting policy because these estimates
could result in us either recording or not recording an impairment loss based on
different assumptions. Impairment losses are generally substantial charges. We
have not recorded any such impairment charges. Any impairment charge would more
likely than not have a material effect on our results of operations.

The estimate of our future revenues is also important because it is the basis of
our development plans and also a factor in our ability to obtain the financing
necessary to complete our development plans. If our estimates of future cash
flows from our properties differ from expectations, then our financial and
liquidity position may be compromised, which could result in our suspending some
or all of our development activities.

Allocation of Salary and Overhead Costs. We capitalize a portion of our salary
and overhead costs and also expense a portion of these costs directly to
operations based on the activities of our employees that are directly engaged in
these activities. In order to allocate salary costs, we periodically evaluate
our "corporate" personnel activities to see what, if any, time is associated
with activities that would normally be capitalized or considered part of
operations. After determining the appropriate aggregate allocation, we apply
these factors to our salary costs to determine the appropriate allocations.
Other overhead items are specifically identified at the time of purchase to
determine whether the cost should be capitalized or expensed. Generally,
overhead costs for our properties under development are capitalized. This is a
critical accounting policy because it affects our net results of operations for
that portion which is capitalized. In accordance with paragraph 7 of Statement
of Financial Accounting Standard No. 67 "Accounting for Costs and Initial Rental
Operations of Real Estate Projects" ("SFAS 67"), we only capitalize direct and
indirect project costs associated with the acquisition, development and
construction of a real estate project. Indirect costs include allocated costs
associated with certain pooled resources (such as office supplies, telephone and
postage) that are used to support our development projects, as well as general
and administrative functions. Allocations of pooled resources are based only on
those employees directly responsible for development. We charge to expense
indirect costs that do not clearly relate to a real estate project such as
salary and allocated expenses related to the Executive Chairman.

Fair Value Accounting.The Fair Value Accounting policy, applied to years 2004
and prior, when we were subject to the reporting requirements of the 1940 Act.
The primary assets for which no market quotations existed in 2004 were the
interests in real estate held by wholly owned subsidiaries TRE I and TRE2. In
2004, these assets comprised approximately 13% of our net assets. In
management's

                                       16
<PAGE>


opinion, the other assets and other liabilities historical costs were deemed to
approximate fair value. As a general principle, the current "fair value" of an
asset would be the amount we might reasonably expect to receive for it upon its
current sale, in an orderly manner. There is a range of values that are
reasonable for such assets at any particular time. Generally, cost at purchase,
which reflects an arm's length transaction, was the primary factor used to
determine fair value until significant developments affecting the holding (such
as result of operations or changes in general market conditions) provided a
basis for use of an appraisal valuation. In determining the "cost" of real
estate properties, we rely on current accounting guidelines set forth in SFAS 67
and, as a general principle, costs clearly associated with the acquisition,
development, and construction of a real estate project are capitalized as a cost
of that project. Indirect project costs that relate to several projects are
capitalized and allocated to the projects to which the costs relate. Such
purchase cost and subsequent capitalized costs are, however, subject to fair
valuation and impairment charges. Appraisal valuations are based upon such
factors as book value, earnings, cash flow, the market prices for similar
securities of comparable assets, an assessment of the asset's current and future
financial prospects, ownership agreements, and various other factors and
assumptions, such as discount rates, valuation multiples, and future growth
projections. Additional factors which might be considered include: financial
standing of the issuer; the business and financial plan of the issuer and
comparison of actual results with the plan; size of position held and the
liquidity of the market; contractual restrictions on disposition; pending public
offering with respect to the financial instrument; pending reorganization
activity affecting the financial instrument (such as merger proposals, tender
offers, debt restructurings, and conversions); ability of the issuer to obtain
needed financing; changes in the economic conditions affecting the issuer; a
recent purchase or sale of a security of the issuer. Appraisal valuations are
necessarily subjective and management's estimate of values may differ materially
from amounts actually received upon the disposition of the holding. The Board of
Directors reviewed valuation methodologies on a quarterly basis to determine
their appropriateness.

         Real Estate Acquisitions, Leasing, and Development Activities

In January 2004, we acquired through our wholly owned subsidiary TRE I the
Washington Lanes real estate and improvements, fixtures, and equipment located
in the Town of Washington, Dutchess County, New York ("TRE I Property"). The TRE
I Property is a 1.7 acre property with an 18,598 square foot facility. In
December 2005, we were granted all approvals and special permit by the Planning
Board of the Town of Washington for our plan to re-develop the TRE I Property
for use as a retail center, to be called Millbrook Commons.

 In April 2004, TRE2 acquired the Dairy Deli in the Town of Washington, Dutchess
County, New York real estate, improvements, fixtures, and equipment ("TRE2
Property"). The TRE2 Property includes real estate used for a year around ice
cream stand, on a land area of .35 acres or 15,246 square feet, with a building
area of 1,006 square feet, outbuildings, and fixtures and equipment used in the
operation of the stand. We entered into a net five-year lease commencing on
April 1, 2005, for an annual rental of $45,000 payable in equal monthly
installments (less a $9,000 non-cash rebate in year 1) compounding annually an
annual cost-of-living adjustment.

In March 2005, Winmark I acquired a total of 215.42 acres of vacant land
comprised of 70.01 acres in the Town of Clinton and 145.41 acres in the Town of
Washington in Dutchess County, New York (the "Winmark I Property"). We deem the
Winmark I Property as suited for development with adequate road frontage,
minimal wet areas and rolling topography and that the highest and best use for
the Winmark I Property would be for subdivision into oversized residential
parcels and development with mini-estates.

                                       17
<PAGE>

         Results of Operations

Revenue. We earned rental income from the lease of our TRE2 Property of $10,800
for the three months ended March 31, 2006 compared to $0 for the three months
ended March 31, 2005. The lease for the TRE2 property commenced in April 2005.

Expenses. Total expenses increased approximately $78,000 for the three months
ended March 31, 2006 compared to 2005. The increase in total expenses was
primarily due to increases in compensation and benefits and general and
administrative expenses.

Compensation and benefits increased approximately $46,000 in for the three
months ended March 31, 2006 compared to 2005. The increase was primarily due the
our matching contribution to the Winco 401(k) plan of approximately $14,000 and
to allocated compensation and benefit expenses for jointly used administrative
and support functions incurred by Winco and charged to the Affiliates of
approximately $26,000. For the three months ended March 31, 2005, we did not
participate in the 401(k) plan. In 2005, before we received our de-registration
order from the SEC, the cost of jointly used administrative and support
functions was performed by Winco's subsidiary MMC under agreement for $20,000
per annum.

General and administrative expenses increased approximately $28,000 in the three
months ended March 31, 2006 compared to 2005. The increase was primarily due to
an increase in rent expense of jointly used office space and overhead expense
for various jointly used administrative and support functions incurred by Winco
and its subsidiaries which are allocated to the Affiliates. These costs
increased approximately $10,000 in the three months ended March 31, 2006
compared to 2005. Other increases to general and administrative expenses for the
three months ended March 31, 2006 compared to 2005 were approximately $10,000
consisting of printing, mailing, and proxy costs for shareholder communications
and approximately $6,000 in depreciation expense for the TRE2 property.

Non-operating income. Non-operating income increased approximately $25,000 for
the three months ended March 31, 2006 compared to 2005. Dividends earned from
our money market fund investment increased approximately $12,000 due to the rise
in money market yields in 2006 from 2005. For the three months ended March 31,
2005, as we were still operating as a registered investment company we had an
unrealized loss due to the cost of our property holdings exceeded its fair value
by approximately $12,000.

The net loss for the year three months ended March 31, 2006 was $180,896 or a
loss of $0.18 per share on a diluted basis.

         Liquidity and Capital Resources

Historically, we have had adequate liquidity to fund our operations.

In management's opinion, we should be able to generate adequate amounts of cash
to meet our anticipated obligations. In the event temporary additional liquidity
is required, we believe that a line of credit or other arrangement could be
obtained by pledging some or all of our unencumbered assets as collateral.

                                       18
<PAGE>

Item 3.  Controls and Procedures

Disclosure Controls and Procedures

The Company maintains disclosure controls and procedures that are designed to
ensure that information required to be disclosed in the Company's reports filed
under the Securities Exchange Act of 1934 is recorded, processed, summarized and
reported within the time periods specified in the SEC's rules and forms, and
that such information is accumulated and communicated to the Company's
management, including its President and Chief Executive Officer and Principal
Financial Officer, or persons performing similar functions, as appropriate, to
allow timely decisions regarding required disclosure. Management necessarily
applied its judgment in assessing the costs and benefits of such controls and
procedures which, by their nature, can provide only reasonable assurance
regarding management's control objectives. The Company has carried out an
evaluation, under the supervision and with the participation of the Company's
management, including the Company's President and Chief Executive Officer along
with the Company's Principal Financial Officer, of the effectiveness of the
design and operation of the Company's disclosure controls and procedures
pursuant to Exchange Act Rule 13a-15(b). Based on that evaluation, management,
including the Company's President and Chief Executive Officer along with the
Company's Principal Financial Officer, concluded that the Company's disclosure
controls and procedures were effective as of March 31, 2006.

          Changes in Internal Controls

In connection with the evaluation of our internal controls during our last
fiscal quarter, our principal executive officer and principal financial officer
have determined that there have been no changes to our internal controls over
financial reporting that has materially affected, or is reasonably likely to
materially affect, our internal controls over financial reporting.

Part II. Other Information

Item 1. Legal Proceedings

None

Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

None

Item 3. Defaults Upon Senior Securities

None

Item 4. Submission of Matters to a Vote of Security Holders

None

Item 5. Other Information

None

Item 6. Exhibits

None

                                       19

<PAGE>

                                   SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Company has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                                TUXIS CORPORATION

Dated: May 15, 2006                              By :   /s/Thomas O'Malley
                                                        ------------------
                                                        Thomas O'Malley
                                                        Chief Financial Officer,
                                                        Chief Accounting Officer


                                       20
<PAGE>

              Certification - Exchange Act Rules 13a-14 and 15d-14

I, Mark C. Winmill, certify that:


1. I have reviewed this quarterly report on Form 10-QSB of Tuxis Corporation
("small business issuer");

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the periods covered by this report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
small business issuer as of, and for, the periods presented in this report;

4. The small business issuer's other certifying officer and I are responsible
for establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and
have:

a) Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the small business issuer, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

b) [omitted in accordance with SEC Release Nos. 33-8238 and 34-47986];

c) Evaluated the effectiveness of the small business issuer's disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the small business issuer's internal
control over financial reporting that occurred during the small business
issuer's most recent fiscal quarter (the small business issuer's fourth fiscal
quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the small business issuer's internal
control over financial reporting; and

5. The small business issuer's other certifying officers and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the small business issuer's auditors and the audit committee of
the small business issuer's board of directors (or persons performing the
equivalent functions):

a) All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the small business issuer's internal
control over financial reporting.

Date: May 15, 2006
/s/ Mark C. Winmill
Chief Executive Officer

                                       21
<PAGE>


              Certification - Exchange Act Rules 13a-14 and 15d-14

I, Thomas O'Malley, certify that:

1. I have reviewed this quarterly report on Form 10-QSB of Tuxis Corporation
("small business issuer");

2. Based on my knowledge, this report does not contain any untrue statement of a
material fact or omit to state a material fact necessary to make the statements
made, in light of the circumstances under which such statements were made, not
misleading with respect to the periods covered by this report;

3. Based on my knowledge, the financial statements, and other financial
information included in this quarterly report, fairly present in all material
respects the financial condition, results of operations and cash flows of the
small business issuer as of, and for, the periods presented in this report;

4. The small business issuer's other certifying officer and I are responsible
for establishing and maintaining disclosure controls and procedures (as defined
in Exchange Act Rules 13a-15(e) and 15d-15(e)) for the small business issuer and
have:

a) Designed such disclosure controls and procedures, or caused such disclosure
controls and procedures to be designed under our supervision, to ensure that
material information relating to the small business issuer, including its
consolidated subsidiaries, is made known to us by others within those entities,
particularly during the period in which this report is being prepared;

b) [omitted in accordance with SEC Release Nos. 33-8238 and 34-47986];

c) Evaluated the effectiveness of the small business issuer's disclosure
controls and procedures and presented in this report our conclusions about the
effectiveness of the disclosure controls and procedures, as of the end of the
period covered by this report based on such evaluation; and

d) Disclosed in this report any change in the small business issuer's internal
control over financial reporting that occurred during the small business
issuer's most recent fiscal quarter (the small business issuer's fourth fiscal
quarter in the case of an annual report) that has materially affected, or is
reasonably likely to materially affect, the small business issuer's internal
control over financial reporting; and

5. The small business issuer's other certifying officers and I have disclosed,
based on our most recent evaluation of internal control over financial
reporting, to the small business issuer's auditors and the audit committee of
the small business issuer's board of directors (or persons performing the
equivalent functions):

a) All significant deficiencies and material weaknesses in the design or
operation of internal control over financial reporting which are reasonably
likely to adversely affect the small business issuer's ability to record,
process, summarize and report financial information; and

b) Any fraud, whether or not material, that involves management or other
employees who have a significant role in the small business issuer's internal
control over financial reporting.

Date: May 15, 2006
/s/ Thomas O'Malley
Chief Financial Officer

                                       22
<PAGE>

                          CEO CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                       AS ADOPTED PURSUANT TO SECTION 906
                        OF THE SARBANES-OXLEY ACT OF 2002


In connection with the Quarterly Report of Tuxis Corporation on Form 10-QSB for
the period ended March 31, 2006 as filed with the Securities and Exchange
Commission on the date hereof (the "Report"), I, Mark C. Winmill, Chief
Executive Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.



/s/ Mark C. Winmill
Mark C. Winmill
Chief Executive Officer
May 15, 2006

                                       23
<PAGE>


                          CFO CERTIFICATION PURSUANT TO
                             18 U.S.C. SECTION 1350,
                       AS ADOPTED PURSUANT TO SECTION 906
                        OF THE SARBANES-OXLEY ACT OF 2002

In connection with the Quarterly Report of Tuxis Corporation on Form 10-QSB for
the period ended March 31, 2006 as filed with the Securities and Exchange
Commission on the date hereof (the "Report"), I, Thomas O'Malley, Chief
Financial Officer of the Company, certify, pursuant to 18 U.S.C. Section 1350,
as adopted pursuant to Section 906 of the Sarbanes-Oxley act of 2002, that:

1. The Report fully complies with the requirements of Section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and

2. The information contained in the Report fairly presents, in all material
respects, the financial condition and result of operations of the Company.



/s/Thomas O'Malley
Thomas O'Malley
Chief Financial Officer
May 15, 2006


                                       24
<PAGE>